Roblox Co. (NYSE:RBLX) Shares Bought by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in Roblox Co. (NYSE:RBLX - Free Report) by 308.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 181,808 shares of the company's stock after purchasing an additional 137,267 shares during the period. Principal Financial Group Inc.'s holdings in Roblox were worth $8,047,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in Roblox during the 3rd quarter worth approximately $533,000. World Investment Advisors LLC purchased a new stake in shares of Roblox during the 3rd quarter worth $204,000. Virtu Financial LLC acquired a new position in shares of Roblox during the third quarter worth $2,341,000. Toronto Dominion Bank increased its holdings in Roblox by 34.3% in the third quarter. Toronto Dominion Bank now owns 60,092 shares of the company's stock valued at $2,660,000 after buying an additional 15,333 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in Roblox by 5.2% in the third quarter. Geode Capital Management LLC now owns 8,332,563 shares of the company's stock valued at $368,003,000 after buying an additional 408,915 shares in the last quarter. 94.46% of the stock is owned by institutional investors and hedge funds.

Roblox Price Performance

NYSE:RBLX traded down $0.62 during trading hours on Wednesday, hitting $57.86. The company's stock had a trading volume of 2,886,297 shares, compared to its average volume of 7,537,893. Roblox Co. has a 52-week low of $29.55 and a 52-week high of $61.77. The company has a debt-to-equity ratio of 5.64, a quick ratio of 0.98 and a current ratio of 0.98. The business's 50-day moving average is $53.35 and its two-hundred day moving average is $45.37. The company has a market capitalization of $35.15 billion, a PE ratio of -35.28 and a beta of 1.50.

Roblox (NYSE:RBLX - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported ($0.37) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.39) by $0.02. Roblox had a negative net margin of 30.90% and a negative return on equity of 986.36%. The business had revenue of $919.00 million during the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the firm posted ($0.45) EPS. The business's revenue was up 9.5% compared to the same quarter last year. As a group, research analysts anticipate that Roblox Co. will post -1.56 EPS for the current fiscal year.

Insider Buying and Selling

In other Roblox news, CAO Amy Marie Rawlings sold 2,186 shares of Roblox stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $52.90, for a total transaction of $115,639.40. Following the completion of the transaction, the chief accounting officer now owns 91,062 shares in the company, valued at approximately $4,817,179.80. The trade was a 2.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Michael Guthrie sold 30,000 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $41.50, for a total transaction of $1,245,000.00. Following the completion of the sale, the chief financial officer now owns 352,844 shares in the company, valued at $14,643,026. This represents a 7.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,284,601 shares of company stock valued at $66,867,735. 22.15% of the stock is owned by insiders.

Wall Street Analyst Weigh In

RBLX has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their price objective on Roblox from $45.00 to $55.00 and gave the company a "neutral" rating in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on shares of Roblox from $45.00 to $60.00 and gave the company a "buy" rating in a research note on Monday, November 4th. Citigroup boosted their price objective on shares of Roblox from $53.00 to $63.00 and gave the stock a "buy" rating in a research report on Tuesday, November 5th. Morgan Stanley raised shares of Roblox from an "equal weight" rating to an "overweight" rating and increased their target price for the company from $38.00 to $65.00 in a research report on Monday, November 4th. Finally, BTIG Research boosted their price target on shares of Roblox from $51.00 to $56.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $55.67.

Roblox Company Profile

Roblox Corporation develops and operates an online entertainment platform in the United States and internationally. It offers Roblox Studio, a free toolset that allows developers and creators to build, publish, and operate 3D experiences, and other content; Roblox Client, an application that allows users to explore 3D experience; and Roblox Cloud, which provides services and infrastructure that power the platform.